NTRS Northern Trust margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 91

Gross margin

100%

Operating margin

34.2%

EBITDA margin

42.7%

Net margin

26%

Currently, Northern Trust has a gross margin of 100%, an operating margin of 34.2%, an EBITDA margin of 42.7%, and a net margin of 26%. The largest improvement was in operating margin, up 5.2 percentage points; the remaining margins held steady.

NTRS margin history

Gross, operating, EBITDA and net margin trends

Northern Trust's margins averaged 100% gross, 28.88% operating, 38.02% EBITDA, and 21.82% net during the last 3 years. Northern Trust's current metrics show that operating, EBITDA, and net margins are above their three-year averages.

NTRS margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 5.2 percentage points, EBITDA margin by 4.1 percentage points, and net margin by 4.2 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

5.2pp

EBITDA margin expansion

4.1pp

Net margin expansion

4.2pp

NTRS Gross margin

Across the last 3 years, Northern Trust recorded an average gross margin of 100%. Northern Trust currently reports a gross margin of 100%, in line with its three-year average. The highest gross margin for Northern Trust was 100% in Sep 2026, while the lowest was 100% in Dec 2023.

NTRS Operating margin

Northern Trust recorded an average operating margin of 28.88% across the last 3 years. Northern Trust currently reports an operating margin of 34.2%, 5.3 percentage points above its three-year average. Looking back over the last 3 years, Northern Trust's operating margin reached 34.2% at its highest point in Sep 2026 and 19.6% at its lowest in Mar 2024.

NTRS EBITDA margin

Northern Trust recorded an average EBITDA margin of 38.02% across the last 3 years. Northern Trust currently reports an EBITDA margin of 42.7%, 4.7 percentage points above its three-year average. During this period, EBITDA margin reached a high of 42.7% in Sep 2026 and a low of 29.4% in Mar 2024.

NTRS Net margin

Northern Trust's net margin averaged 21.82% in the last 3 years. As of the latest period, Northern Trust's current net margin is 26%, which is 4.2 percentage points above its three-year average. Over the last 3 years, Northern Trust's net margin peaked at 26% in Sep 2026 and reached a low of 14.8% in Mar 2024.

NTRS margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, NTRS stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 83.5%, Northern Trust's gross margin is 20% higher.

NTRS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Northern Trust's gross margin?

The current gross margin for NTRS is 100% as of Sep 30, 2026.

What is Northern Trust's operating margin?

The current operating margin for NTRS is 34.2% as of Sep 30, 2026.

What is Northern Trust's EBITDA margin?

As of Sep 30, 2026, NTRS has an EBITDA margin of 42.7%.

What is Northern Trust's net margin?

As of Sep 30, 2026, NTRS has a net margin of 26%.

What are the average margins of NTRS?

Northern Trust's average margins over the last 3 years were 100.0% gross, 28.9% operating, 38.0% EBITDA, and 21.8% net.

What are the highest historical margins of NTRS?

Looking back across 5 years, NTRS reached 100% gross in Sep 2026, 34.2% operating in Sep 2026, 42.7% EBITDA in Sep 2026, and 26% net in Sep 2026.

What are the lowest historical margins of NTRS?

Across the 5-year period, NTRS posted its lowest margins at 100% gross in Dec 2021, 19.6% operating in Mar 2024, 29.4% EBITDA in Mar 2024, and 14.8% net in Mar 2024.